Exchange-Traded Funds Lower, US Equities Mixed After Midday

MT Newswires Live01:17

Broad Market Indicators

Broad-market exchange-traded fund IWM and IVV declined. Actively traded Invesco QQQ Trust (QQQ) fell 1.4%.

US equity indexes were mixed after midday Tuesday, with the S&P 500 and the Nasdaq Composite falling amid sharply lower semiconductor shares and rising crude oil futures.

Energy

IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each added about 1.8%.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) was down 2.4%; iShares US Technology ETF (IYW) fell 2%, and iShares Expanded Tech Sector ETF (IGM) lost 2.3%.

The State Street SPDR S&P Semiconductor (XSD) declined 4.9%, and iShares Semiconductor (SOXX) was down 4.4%.

Financial

The State Street Financial Select Sector SPDR (XLF) added 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) climbed up 1.1%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 1.1%.

Commodities

Crude oil rose 3.5%, and the United States Oil Fund (USO) gained 3%. Natural gas was up 0.2%, and the United States Natural Gas Fund (UNG) fell 0.6%.

Gold on Comex slipped 2.1%, and the State Street SPDR Gold Shares (GLD) fell 1.9%. Silver declined 2.6%, and iShares Silver Trust (SLV) was down 2.9%.

Consumer

The State Street Consumer Staples Select Sector SPDR (XLP) rose 1.2%. The Vanguard Consumer Staples ETF (VDC) added 1.2%, and iShares Dow Jones US Consumer Goods (IYK) was 2% higher.

The State Street Consumer Discretionary Select Sector SPDR (XLY) dipped 0.5%. VanEck Retail ETF (RTH) eased 0.1%, and the State Street SPDR S&P Retail (XRT) was down 0.6%.

Health Care

The State Street Health Care Select Sector SPDR (XLV) added 0.1%, iShares US Healthcare (IYH) eased 0.1%, and Vanguard Health Care ETF (VHT) was 0.2% lower. IShares Biotechnology ETF (IBB) slipped 0.6%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) lost 1.3%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also lower.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) fell 1.2%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) dipped 1%, ProShares Ether ETF (EETH) lost 0.3%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was down 1%.

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